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Billy Joel's Campaign Soundtrack - Washington Post
Billy Joel was not in a Washington state of mind. The singer had come to the National Press Club yesterday for what was billed as a luncheon talk about "celebrity endorsements of political candidates." But the Piano Man didn't want to talk politics ...

Joe the Hedge Fund Manager's Hearing - Washington Post
"He is not fighting for Joe the Plumber ," Barack Obama said of John McCain during the campaign. "He's fighting for Joe the Hedge Fund Manager." Perhaps it was inevitable, then, that yesterday, a mere nine days after McCain's loss, House Democrats ...

Romney Suspends Presidential Run - US News and World Report
Mitt Romney's exit from the presidential race yesterday is receiving front-page coverage in major newspapers, and led all three network newscasts last night. Analysts are portraying Romney's move as ensuring that John McCain will be the GOP ...

Post-debate rehash - Arkansas Times
McCain's big lick, a federal mortgage buyout plan , is old news and was recommended by Obama weeks ago. Hillary Clinton apparently came up with it first among this year's crop of candidates. Headline roundup at Real Clear Politics suggests last night ...

Romney Sends Endorsement, Delegates McCain's Way - US News and World Report
Mitt Romney formally endorsed Sen. John McCain's bid for the White House yesterday. In addition, says the AP , Romney "asked his national convention delegates to swing behind the likely nominee." Standing alongside McCain, the former Massachusetts ...

State Auto Financial Reports Third Quarter 2008 Results - Insurance News Net
Business Editors COLUMBUS, Ohio--(BUSINESS WIRE)--October 23, 2008--State Auto Financial Corporation (NASDAQ:STFC) today reported a third quarter 2008 net loss of $14.7 million, or $0.37 per diluted share, versus net income of $23.2 million, or $0.55 ...

Anti-Obama Boomerang? - Slate
It's come to this: Counterproductive overspinner Chris Lehane and his firm get $100,000 a month (according to S.F. Chronicle 's Matier & Ross) to craft mindlessly combative sound bites for Hollywood studios in their dispute with the Writers Guild ...

John Conyers Is No Martin Luther King - Common Dreams
What do Rep. John Conyers, D-Michigan, chair of the House Committee on the Judiciary, and President George W. Bush have in common? They both think they can dis Cindy Sheehan and count on gossip columnists like the Washington Post's David Milbank to ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. "Each time the Republican candidate for the seat in the 10th ...

How About Never -- Is Never Good For You? - ABC News Blogs
When it comes to the release of her medical records, Alaska Gov. Sarah Palin is starting to remind me of that great 1993 New Yorker cartoon in which a man in an office talks to someone on the phone, looking at his date book, saying, "No, Thursday's ...

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Today's Mortgage Terms starting with B

  • Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
  • Bearer: The legal owner of a property.
  • Bill of Sale: A document that details the transfer of property.
  • Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
  • Blanket Mortgage: A mortgage that includes more than one piece of real estate
  • Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
  • Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
  • Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
  • Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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